Admitting New Partners Who Buy an Interest and Contribute AssetsThe capital accounts of Jamie Dexter and Max Gee have balances of $400,000 and $250,000, respectively.Darcey Lind and Loren Rothman are to be admitted to the partnership. Darcey Lind buys one-fifth of JamieDexter's interest for $85,000 and one-fourth of Max Gee's interest for $65,000. Loren Rothman contributes$125,000 cash to the partnership, for which she is to receive an ownership equity of $125,000.a1. Journalize the entry to record the admission of Darcey Lind. If an amount box does not require an entry,leave it blank.a2. Journalize the entry to record the admission of Loren Rothman. If an amount box does not require anentry, leave it blank.

The objective of the question is to record the journal entries for the admission of new partners…

Answered: Admitting New Partners Who Buy an…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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John was a high school teacher earning a net salary of $54,000 per year. After working for one year, he quit his job to start his own milk bar business. In order to start the business, John borrowed $40,000.00 from the bank and was paying 5 percent interest per year. Also, John withdrew $ 50,000 from his savings account. He had been earning 5 percent interest per year for this account. John’s first year of business can be summarised as follows: Based on your calculations of accounting profit and economic profit, would you advise John to return to his teaching job or continue with the milk bar business? Show your work!
1 Jim owns shares of Abco, Inc. preferred stock which he says provides him with a constant 6.58 percent rate of return. The stock is currently priced at $45.60 a share. What is the amount of the dividend per share? Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $123, then type 1.23 without a S sign)
[1] A manufacturer plans to introduce a new type of shirt based on the following information. The selling price is $35.00; variable cost per unit is $15.00; fixed costs are $8200.00; and capacity per period is 740 units. a) Calculate the break-even point (i) in units (ii) in dollars (iii) as a percent of capacity b) Draw a detailed break-even chart. c) Calculate the break-even point (in units) if fixed costs are reduced to $7000.00 d) Calculate the break-even point (in dollars) if the selling price is increased to $40.00 ANSWER WITH PROPER SOLUTIONS PLEASE
A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is 6534 dollars. How much did he invest at each rate? Your answer is total in the account paying 6 percent interest is total in the account paying 10 percent interest is
John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business in pizza catering. In order to learn how to run the pizza catering business, John enrolled in a TAFE to acquire catering skills. John’s course was for 3 months. John had to pay $2,000 as tuition for the 3 months. After the training, John withdrew $110,000 from his savings account. He had been earning 5 percent interest per year for this account. He also borrowed $50,000.00 from his friend whom he pays 6 percent interest per year. John’s first year of business can be summarised as follows: Item Amount $ Revenue 250,000 Labour cost 120,000 Pizza ingredients 50,000 Equipment 10,000 Calculate John’s accounting profit and economic profit? Show your work
Cora, a carpenter, worked for a home construction business and earned $66,700 per year. Cora quit her job to start her own business. To buy the necessary equipment, she borrowed $50,000 from her bank, whom she pays 8.0 percent interest per year. Last year she paid $72,300 for materials, $12,400 for operating expenses and paid all of the interest on the loan from her bank. She had revenue of $156,800. For last year, Alfred, the accountant, says Cora’s profit is _________ and Evelyn the economist says Cora's profit is ___________. A. more than $69,000 but less than $75,000; more than $1,200 but less than $1,750 B. more than $65,000 but less than $69,000; more than $1,200 but less than $1,750 C. more than $65,000 but less than $69,000; more than $4,500 but less than $6,250 D. more than $69,000 but less than $75,000; more than $4,500 but less than $6,250 E. None of the above.
John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business in pizza catering. To learn how to run the pizza catering business, John enrolled in a TAFE to acquire catering skills. John’s course was for 3 months. John had to pay $2,000 as tuition for the 3 months. After the training, John withdrew $110,000 from his savings account. He had been earning 5 percent interest per year for this account. He also borrowed $50,000.00 from his friend whom he pays 6 percent interest per year. John’s first year of business can be summarised as follows: Item Amount $ Revenue 250,000 Labor cost 120,000 Pizza ingredients 50,000 Equipment 10,000 Calculate John’s accounting profit and economic profit? Show your work.
Answer all parts complete and correct only follow steps as asked and do as per guidelines to get 100% feedback. 1) Calculate the price of a bond with 8 years to maturity, that pays a coupon rate or 3% quarterly, and face value of $10,000. Assume that the YTM is 3.5% quarterly.
(UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS. NO LONG EXPLANATION NEEDED. BOX THE FINAL ANSWER.) AARON Capital Investments Corporation was offered a business proposal. The details of the proposal are as follows. Determine the following: a. Enumerate all the cash inflows in the problem. Classify the cash inflow if it is in its present value, future value, or annual value. b. Enumerate all the cash outflows in the problem. Classify the cash outflow if it is in its present value, future value, or annual value. c. When the MARR of the project is 10% and you wish to determine the future worth of the project, write down the complete working formula (with substituted values) to solve the problem.
Apple Inc.CONSOLIDATED BALANCE SHEETS(In millions, except number of shares which are reflected in thousands and par value)September 28, 2019 September 29, 2018ASSETSCurrent assetsCash and cash equivalents $ 48,844 $ 25,913Marketable securities 51,713 40,388Accounts receivable, net 22,926 23,186Inventories 4,106 3,956Vendor non-trade receivables 22,878 25,809Other current assets 12,352 12,087Total current assets 162,819 131,339Non-current assetsMarketable securities 105,341 170,799Property, plant and equipment, net 37,378 41,304Other non-current assets 32,978 22,283Total non-current assets 175,697 234,386Total assets $ 338,516 $ 365,725LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilitiesAccounts payable $ 46,236 $ 55,888Other current liabilities 37,720 33,327Deferred revenue 5,522 5,966Commercial paper 5,980 11,964Term debt 10,260 8,784Total current liabilities 105,718 115,929Non-current liabilitiesTerm debt 91,807 93,735Other non-current liabilities 50,503 48,914Total non-current…
Give proper explanation of the correct option and proper explanation of the incorrect options will upvote. No answer from Chat GPT will downvote from 7 accounts. Hand written solution is not allowed.
What are the implications for both buyers and sellers in using EXW, FOB or CIF terms?

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